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Biotech / Medical : Arterial Vascular Engineering AVEI -- Ignore unavailable to you. Want to Upgrade?


To: investz who wrote (156)4/22/1998 5:10:00 PM
From: igor  Respond to of 410
 
Did any of the insiders give their reasons why they thought the company was a sell.

igor



To: investz who wrote (156)4/22/1998 7:28:00 PM
From: Walk Softly  Read Replies (1) | Respond to of 410
 
Eric... someone described the sell rating coming from a small investment boutique.... they would have no real power to short... they were only reading the tea leaves.... if every major brokerage has a strong buy they may have reasoned all long funds have been committed... since there was no rally on the eps release they reasoned right.... I suspect there was a coordinated (illegal as heck) effort of the major houses to bring the bid down... scare some shares into their possession and sell back on the way up... they know they have a winner here... they just had to figure a way to profit on it.... as long as there are shares on margin, there are shares to borrow and weak hands to scam the shares from.... ahhh... life in the fast lane.... C ya